SYDNEY, Australia, Aug. 14, 2008 (PRIME NEWSWIRE) -- Mr. McLeod Discusses Imperial Corporations Strategies for Seeking Seed Capital in Future Opportunities.
Executive Chairman and Director of Imperial Corporation Limited (ASX:IMP), Mr. McLeod, discusses the company's overall future mission and plans in the USA energy sector. He mentions their accomplishment with Bemax Resources.
Following the recent takeover of Bemax Resources Limited, Imperial is now focused on growing its Appalachian Basin gas operations as well as seeking other oil and gas opportunities in the USA.
Mr. McLeod said, "We took Bemax Resources from a tenement on a map to around the fourth or the fifth largest producer of titanium dioxide and around the sixth largest producer of zircon in the world. Although our expectations aren't to target the same prominence in the oil and gas sector, we believe with our team there are interesting aggregation opportunities to build substantial energy operations, primarily in the USA."
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Imperial Corporation Limited:
Imperial Corporation Limited is a resource investment company. Following a takeover offer, it recently sold its cornerstone investment in Bemax Resources Limited, the world's 5th largest Titanium feedstock producer. Imperial has a growing interest in oil & gas production in North America. For more information please visit Imperial Corporation Limited's website at http://www.imperialone.com.au.
Cautionary Statement:
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